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    FOR SALE
    Showrooms

    50 New River Rd, Lincoln, RI 02838

    2,206 SF 1.43 ac lot Built 1900
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US76-0348612
    Property summary
    AI-generated overview

    This exceptional commercial property, located at 50 New River Road in Lincoln, Rhode Island, presents a unique investment opportunity. The 1.43-acre lot boasts a 62,290 square foot parcel situated directly on the Blackstone Valley Bike Path, offering high visibility and accessibility. The property includes a single-story, 1900-built building featuring two units totaling 2200 square feet of office and storage space. Recent upgrades include a new HVAC system and updated office space, ensuring immediate functionality. Ample parking is available on-site, and the property offers significant potential for expansion. The property is zoned MG05, allowing for a variety of commercial and retail uses. A Level 1 Environmental Inspection has been completed and is available for review upon request. This property is one of the few remaining in Northern Rhode Island with this zoning designation, making it a rare and highly desirable acquisition. The combination of its location, size, and recent improvements makes this an ideal investment for businesses seeking a versatile and well-maintained space in a thriving area. The property's proximity to the bike path also presents unique marketing and branding opportunities.

    Property profile
    Verified
    Property type Showrooms
    Use group SHOW ROOM, WAREHOUSE
    Year built 1900
    Construction FRAME
    Total area 2,206 SF
    Lot 1.43 ac (62,334 SF)
    Zoning code MG05
    APN LINC M:35 L:189.0 U:
    UPID US76-0348612
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Parts Unlimited Direct Auto Parts Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    New River Holdings LLC · 3 yrs held
    New River Holdings LLC
    since 2022
    Last sale
    $200,000
    2 recorded transactions
    2024
    2022
    $200,000
    Zoning & alternative use
    MG05 · Manville, RI
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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